Oil Tops $107 as Iran–US Tensions Shake Markets; Stocks Edge Lower

UNS: Global markets turned cautious on Monday as oil prices surged and stock futures dipped, with المستثمر sentiment unsettled by the prolonged standoff between the United States and Iran, which continues to disrupt Middle East energy supplies.
Brent crude jumped more than 2% to around $107.97 a barrel, hitting a three-week high. The spike has reignited inflation concerns, prompting traders to largely abandon expectations of interest rate cuts this year.
Meanwhile, S&P 500 futures slipped 0.3%, a modest pullback after the index closed at a record high on Friday, driven by strong demand for AI-related stocks.
Geopolitical tensions remain at the forefront, particularly with the continued closure of the Strait of Hormuz—a critical route for global oil shipments. رغم أن وقف إطلاق النار أوقف معظم القتال بعد الضربات الأمريكية-الإسرائيلية على إيران، إلا أن تعطل الصادرات لا يزال يؤثر على الأسواق.
Analysts at Goldman Sachs raised their year-end Brent price forecast to $90 per barrel, warning that prices could rise sharply if global inventories fall to critically low levels.
On the political front, Donald Trump canceled a planned visit by US envoys to Islamabad for talks, while Iran continues diplomatic efforts through regional mediators.
Asian markets showed mixed performance. South Korea’s Kospi and Japan’s Nikkei hit record highs on optimism סביב artificial intelligence, while Australian shares slipped in thin holiday trading.

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